Kigongo Teopista ‘S Group

Teopista is the leader of a loan group with five members. She is widowed with four children aged between 21and 30 years. None of her children go to school .She resides in and owns a six-room house which houses six people. Teopista also takes care of additional family members. The family has access to piped water and eats three meals a day Teopista sells sweet bananas in the Nakawa market and she sells to an average of 20 customers a day. She has been in this business for fourteen years.and works six days a week. Teopista has been with MCDT for six years with the same group mates She is requesting her 12th loan to buy more bananas and she hopes to begin to buy them directly from farmers and increase her profit by reducing her purchase costs.

4-Najiba Damalie
5- N. Mary

Additional Information

About MCDT SACCO

This loan is administered by MCDT SACCO, a savings and credit institution operating in Kampala, Uganda. The mission of MCDT SACCO is to provide sustainable financial services to the lower strata of Uganda's poor, especially women, for their economic and social development. MCDT's cooperative structure also affords its clients the opportunity to own shares of the organization and benefit from its financial performance. For more on MCDT SACCO, please see our partner page at http://www.kiva.org/partners/112, and join our lending team, Friends of MCDT SACCO, at http://www.kiva.org/team/friends_of_mcdt_sacco.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.